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Is Co-Buying a Home Right For You?

Windemere Buying

Co-buying a home is an alternative approach to homeownership where two or more individuals purchase the property together and take on a joint mortgage. Just like a traditional home purchase, lenders use the buyers’ debt-to-income ratios and credit scores to determine their mortgage eligibility and formulate the terms of their loan.

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Your Guide to Selling a House with Multiple Owners

HomeLight

Here are a few of the most common types of home co-ownership scenarios , along with how each situation could affect your sale: Tenancy in Common. A tenancy in common is one situation where multiple people can own the same home. You also don’t have to be married to enter into tenancy in common.